Hasset: US inflation is below target, the Federal Reserve has ample room to cut interest rates

ChainCatcher News reports that White House economic advisor Hassett stated in an interview with Fox Business that President Trump’s view that inflation is at a low level is correct. Hassett pointed out that when assessing inflation, attention should be paid to the three-month moving average of price pressures. The current inflation rate is about 1.6%, below the Federal Reserve’s 2% target, which gives the Fed “ample room” to cut interest rates.